Rogers Ranch Laveen Home Sales Showing Steady Growth

The Rogers Ranch neighborhood in Laveen, AZ has seen ongoing growth in home prices for 2016 through the end of October, as compared to the same reporting from 2015. This year so far, 104 homes have sold in Rogers Ranch, with an average sales price of $190,200. This is an 8% increase in sales price over last year. The most active sold price range for the subdivision was $200k-$250k with 35 homes sold. This price range has been supported by the number of new homes built in Rogers Ranch by builders such as Richmond American, who has been providing affordable new housing in the area.
There has been 139 homes for sale in Rogers Ranch Laveen this year, decreasing 6.7% from 2015, with an average list price of $197,000. This decrease in homes for sale may have a positive increase on sales price, as there are several active buyers looking to purchase a home in the area, and with few homes for sale, supply and demand steps in causing the prices to rise due to the scarcity of listings. This trend may continue as long as interest rates for 30 year mortgages remain below 4%, maintaining their position near historic lows.

It's a great time to buy a home right now - there has never been a time in recent years where so much of your mortgage payment goes towards principal, allowing buyers to purchase larger or more expensive homes with the same mortgage payment.
Rogers Ranch is located on the northeast corner of Baseline and 51st Ave. Super close to the ever expanding roster of retail and restaurants along Baseline. As a decade long resident of the area, I have seen the amenities in Laveen grow from just a Fry's and Home Depot to a wonderful group of businesses, a hospital, and many new modern schools. This is area is going to continue to be a great place to live and raise a family into the foreseeable future.
Sam Lawmaster is a Laveen resident and Realtor with Realty One Group.